When a Fast-Food Chain Responds to Environmental Concerns by Eliminating

question 107

Multiple Choice

When a fast-food chain responds to environmental concerns by eliminating Styrofoam containers,it shows a desire to be a ______.

• A)resource manager
• B)free enterprise producer
• C)good corporate citizen
• D)consumer advocate

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Definitions:

LIFO

Last In, First Out, an inventory valuation method where the last items placed in inventory are the first ones sold.

Inventory Turnover

A financial ratio that measures how many times a company's inventory is sold and replaced over a given period, indicating the efficiency of inventory management.